Opening up huge business opportunities for realtors in the city, the Mumbai Repairs and Reconstruction Board (MRRB) has decided redevelop 66 buildings under Prime Minister's Grant Program (PMGP) in south and south central Mumbai as these structures are currently in a dilapidated condition. This will be the second major redevelopment project undertaken by MHADA in the metropolitan city after the BDD chawl redevelopment plan. The BDD chawls in central and south central Mumbai are spread over 91 acres, located in Naigaon, Worli, Sewri and NM Joshi Marg and also in Umar Khadi, Lower Parel and Marine Lines areas. These buildings will be developed under Development Control Rule (DCR) 33(9) as a redevelopment project. As they are, on a plot of land with 4,000 sqm or more in area and such kind of project can be treated as a cluster development under which 4 FSI is permissible. The FSI indicates permissible construction on a plot of land and in case the FSI is one and the plot size is 1,000 sqm, then 1,000 sqm the construction is permissible, said an official spokesperson.
📅Published on:
01 February 2018
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